- The rate path will be determined in accordance with activity data and the development of inflation
- Economic activity is at a high level and is accompanied by a tight labor market, although there is a moderation in a number of indicators
- Staff forecast of 2.5% growth this year vs 2.8% prior
- Economy to grow 3.5% in 2024 vs 3.5% prior
- Staff forecast benchmark rate at 4.75%
- See inflation at 3.4% this year vs 3.0% prior
It sounds like one more hike and then a pause.
